Tether USDT
Tether is a stablecoin pegged to the US Dollar. A stablecoin is a type of cryptocurrency whose value is pegged to another fiat currency like the US Dollar or to a commodity like Gold.
Tether is the first stablecoin to be created and it is the most popular stablecoin used in the ecosystem. It has the largest stablecoins by circulation and market capitalization.
The USDT peg is maintained via a one-to-one collateral ratio. Tether Limited claims that every USDT in circulation is 100% backed by actual fiat in their reserves. Tether published their balances on their Transparency page. Tether Limited acts as a third-party custodian for the fiat currencies backing USDT.
To accelerate adoption, in September 2017, Tether was launched on the Ethereum blockchain, as an ERC20 token. Tether’s Ethereum ERC-20 is now the most popular Tether token type.
Since 2020, United States dollar tether became a TRC-20 token on the TRON network. The TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (DApps) whilst allowing users to transact and exchange fiat pegged currencies across the TRON Network.
Tether is the first stablecoin to be created and it is the most popular stablecoin used in the ecosystem. It has the largest stablecoins by circulation and market capitalization.
The USDT peg is maintained via a one-to-one collateral ratio. Tether Limited claims that every USDT in circulation is 100% backed by actual fiat in their reserves. Tether published their balances on their Transparency page. Tether Limited acts as a third-party custodian for the fiat currencies backing USDT.
To accelerate adoption, in September 2017, Tether was launched on the Ethereum blockchain, as an ERC20 token. Tether’s Ethereum ERC-20 is now the most popular Tether token type.
Since 2020, United States dollar tether became a TRC-20 token on the TRON network. The TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (DApps) whilst allowing users to transact and exchange fiat pegged currencies across the TRON Network.
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